China Extends Waiver on Port Construction Fees

June 24, 2020

© William Messing / Adobe Stock
© William Messing / Adobe Stock

China’s Ministry of Finance said on Wednesday it would extend a waiver on port construction fees for imported and exported cargoes until the end of 2020 from June 30.

The ministry will also extend a reduction in fees paid to the compensation fund for ship pollution until the end of this year.

The move is part of Beijing’s efforts to help business resume amid the coronavirus pandemic and to shore up its export industry.


(Reporting by Muyu Xu and Beijing Newsroom; Editing by Christian Schmollinger)

Logistics News

Hormuz Disruption Drives Panama Canal Transits

Hormuz Disruption Drives Panama Canal Transits

Jotun's Hull Skating Solutions Receives DNV Verification

Jotun's Hull Skating Solutions Receives DNV Verification

Rio Tinto Ships Eight Billionth Tonne of Iron Ore from the Pilbara

Rio Tinto Ships Eight Billionth Tonne of Iron Ore from the Pilbara

Third VLCC Exits Strait of Hormuz

Third VLCC Exits Strait of Hormuz

Subscribe for Maritime Logistics Professional E‑News

Chinese container ship one of few vessels to cross Hormuz in deadlock over open waterway
TASS reports that Russia and China will unveil a cable car across the Amur River.
Gazprom shares drop on lack of dividends and pipeline to China